Gingrich’s plan would create an optional 15 percent flat tax with a per-person deduction of $12,000. He would drop the corporate tax rate to 12.5 percent from 35 percent, allow businesses to write off capital expenses and eliminate taxes oncapital gainsand estates, according to hiswebsite.

People earning more than $1 million a year would receive an average tax cut of $613,689 in 2015, compared with what they pay now. That change would boost their after-tax income by 28.7 percent and put their average tax rate at 11.9 percent.

Thinkprogress notes: "Under the plan,half of the entire benefitgoes to the richest 1 percent of taxpayers. The richest 0.1 percent of the country will receive a tax cutworth nearly $2 millioneach and every year. These tax cuts arein addition towhat the wealthy are already receiving from their disproportionate share of the Bush tax cuts."

So, do you notice anything similar about these very long graphs (other than that Newt's plan is likely the most regressive of them all)?

These plans all demonstrate, once again, that Republicans don't care about deficits or fiscal discipline - all they really care about is cutting taxes for the already fabulously wealthy. Well, at least they're being quite candid about what the U.S. will get if the Republicans increase their power in Washington - massive tax cuts to the already wealthy, even bigger deficits, an even shoddier safety net, and no money to spend on things like transportation, education, research, or anything else that the average American really cares about.

About This Blog

I am one of the largely nameless, faceless bureaucrats who work tirelessly (and largely thanklessly) to help ensure that poor people don't go hungry - and a billion other tasks government bureaucrats do that no one notices until something stops working. Living and working in DC is making me angry - and I vent my anger as thoughtfully as I can. Well, OK, maybe I'm not terribly angry ... but I thought it was a good name for a blog. If you're also a bureaucrat, or angry, or thoughtful, I'm happy to entertain guest posts.